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MSNBC
Dec 31, 2012 5:00am PST
to the fiscal cliff here on "morning joe." with us now from the new york stock exchange, we have cnbc's mary thompson. mary, it's good to have you on this morning. first of all, how's wall street? i mean, we're preparing for whatever the reaction might be to whatever the pitiful little plan that might happen today is. >> you know, right now what we're setting up for is probably a lower open here on wall street. if you look at how the markets reacted over the last five sessions, they've had a five-session losing streak, so it looks like we could be on track for a sixth. what this reflects is the growing expectations, obviously, that a grand bargain on the fiscal cliff won't be reached. now, there still remains some hope here on wall street that maybe a band-aid measure will be reached by day's end. nevertheless, a number of traders told me, they say you know, even if we go over the cliff, they'll probably do a short-term fix at least in the early days of 2013. the problem is is that they don't expect the uncertainty that overshadows how we are going to address the long-term deficit issues her
MSNBC
Dec 31, 2012 4:00am PST
as the sun comes up over washington. and the deadline for the fiscal cliff is now 16 hours away. will we go over the cliff? we're discussing it this morning. came in for a special edition of "morning joe." and joining us on the phone, "morning joe" himself, he is on assignment, investigating. i don't know what's so funny about that. investigating the fiscal cliff, but he wanted to jump into the conversation. >> i do think it's very important that i reach out to my peeps, people that happen to live in a state where it's 70 degrees or warmer. >> exactly. >> the thing is -- and i wanted to address this to jeffrey sachs. i think it's fascinating, jeffrey, and we've talked about this for years now, that washington just is incapable of doing the things required to take care of long-term debt. they want to reinflate the bubble. in this case, whatever -- whatever deal is struck is going to be woefully insufficient. we need entitlement cuts. we need defense cuts. we need to reform taxes. they've walked away from entitlement cuts. and the social security adjustments. we're now hearing they're going t
MSNBC
Dec 28, 2012 3:00am PST
's this morning's key question. how will a failure in the fiscal cliff negotiations hit you at home? with you now is jean. let me give you my three economic indicators. >> okay. >> guinness, harp and bass don't count. >> i said three. those are four and five. the top three are, one, if you can find a space, parking space in a shopping mall. >> easy to do these days. >> two, grocery store lines. check out what kind of food people are buy. if they're buying high-end items in the grocery line. and three, lottery tickets and people ahead of you are buying lottery tickets, if they're buying a lot of $2 tickets it means we're in a funk. >> we're in a funk. the folks at bank rate did a survey and about a third say they're spending less because of the cliff. it's the same reason that we saw the fall in consumer confidence numbers so significantly yesterday. >> can you make a counterargument that not spending a whole lot money right now because of a lack of confidence or trepidation about what might happen in washington and saving that money, that might be a good thing? saving is not a bad thing. >> save
MSNBC
Dec 27, 2012 3:00am PST
in the house and the senate to come together in the fiscal cliff. we're going to be talking about the starbucks effort a little later in the show. good morning, ladies and gentlemen. >> good morning. >> good morning. it's thursday, december 27th. i'm mike barnicle in for joe, mika and willie. joining the table, we have political editor and white house correspondent for the huffington post, sam stein. >> hi. >> applause for sam. "fortune's" assistant managing editor, leigh gallagher. and the president of the council on foreign relations, author of "foreign policy begins at home: the case for putting america's house in order." and in washington, vice president and executive editor of msnbc.com and msnbc political analyst, richard wolffe. a minor round of applause for richard wolffe. >> one hand clapping. >> first of all, can anybody here come up with a synonym -- i don't care what it is -- so we don't have to employ the phrase "fiscal cliff" at all during the day? any ideas? anybody got any -- >> how about deadline? >> how about do your job. how about just do your job time. it is ridiculous. a li
Search Results 0 to 3 of about 4